The company's purpose is to carry out all real estate transactions in Switzerland, in particular brokerage, management, purchase and sale of real estate; all real estate transactions subject to or prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners are excluded. The company may engage in any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose. It may establish branches or subsidiaries in Switzerland and abroad, participate in any undertaking having a direct or indirect connection with its purpose. It may grant loans or guarantees to shareholders or third parties if it serves its interests.